The Portuguese Government, through its tourism bureau Turismo de Portugal, appears to have backtracked on statements said to have been made by its president that Portugal’s northern region should [...]

The Portuguese fine bone china and crystal glass company Vista Alegre has reduced its losses in Q1 to €300,000. The company registered a business turnover of €30.3 million, up 59.6% like-for-like [...]

Sonae is to pump €300 million into its technology investment venture capital subsidiary in an investment that will double the amount it has already invested since 2016. Bright Pixel Capital, [...]

Efacec posted a consolidated loss of €183.9 million, an operational loss of almost €40 million, and a net debt of €193 million for 2021. However, the figures for the first quarter of 2022 seem to [...]

The Leaders in Tourism awards were handed out at a ceremony held at NOVA SBE in Carcavelos near Lisbon on Thursday in the presence of the Minister of the Economy and Sea, António Costa Silva. [...]

Bookings for Portugal’s hotels and guest houses is almost back to the record levels seen in 2019 with the Algarve leading the top of the reservations table. “The forecasts that we have for this [...]

The Bank of Portugal is said to be running out of patience for a new chairman to take the helm at Portugal’s new development bank Banco de Fomento. A year ago the Government tried to find a [...]

A Portuguese court has ordered that €83 million syphoned from Angola’s State oil company Sonangol into a company owned by Isabel dos Santos, should be returned. The money had been seized from a [...]

Bank of Portugal gold reserves increased 4.3% in value in 2021 on 2020 to a total of €19.8Bn — almost 10% of national GDP. It meant that the increase in value of national gold reserves were able [...]

The Portuguese State takes 28% of employees’s pay on average after taxes and social security contributions. In other words the average worker takes home 72% of gross salary according to the [...]